Reliability Incorporated Announces Financial Results for the Fiscal Year Ended December 31, 2019
Reliability Incorporated announced financial results for the fiscal year ended December 31, 2019. For the year, revenues were $38.4 million, a 2% increase, as compared to $37.6 million for the prior fiscal year. Net profit was $195,000, a 49% decrease, as compared to $386,000 for the prior year. Operating Income Before Interest, Taxes, Depreciation and Amortization was $1.3 million, a 24% increase, as compared to $1.0 million for the prior year.